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20130110
20130110
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Search Results 0 to 21 of about 22 (some duplicates have been removed)
new money with raising the debt ceiling. congress already passed the bills, social security, military, stuff we spend money on. hit the debt limit without raising and cannot pay that stuff. prioritizing payments and pay 40% of what the government has to pay. lot of people will not get social security checks. that's what the debt ceiling is about. >> the politics of this, should -- you know, should republicans give up the debt ceiling? power of the debt reeling? there has been suggestion go get something big for it and -- permanent. >> that's my view on it. we immediate to find a way that will is a win-win for everybody on this. my peeling has been like -- you know, let's do a permanent fix on the debt ceiling because -- it is congress holding itself hostage on this. keeps coming back. >> the old -- blazing saddles. >> that's right. find something they can take, that -- maybe -- you know, even democrats can claim as a win also. let's look for a long-term fix my idea would be let's face chained cpi. it is absurd. the president supports this. in exchange for permanent lifting of the debt
ceiling. look at his signature. here's what it would look like on its dollar bill. it makes my chicken scratch look good. >>> hilda solis announced that she's resigning. eric holder is staying on at least for now. also remaining on the job secretary of health and human services kathleen sebelius. ray lahood the only republican in the cabinet hasn't signaled whether or not he's leaving this administration. >>> hill kri clinton will be stepping down from her post in the coming weeks. we're not going to call it retirement? >> retirement? >> i don't know if that's the word i would use. certainly stepping off the very fast track for a little while. >> the obama administration pushing back after a picture taken in the oval office, this image by the photographer was featured on the front page yesterday of the "new york times." a group of men meeting with president. with top positions at the state, defense and treasury departments all offered recently to males, jay carney was asked about the gender issue. >> janet napolitano is secretary of home land security. this president has appointed, has
out of cash. the federal government has already hit the debt ceiling. and the only way the government can pay its bills is by using accounting gimmicks to move money around. those tricks will only get the government through mid-february. at that point lew might have to take the unprecedented step of deciding he has the legal authority to pick and choose which bills the feds will pay. >> even if it were clear that the treasury secretary could do that, pick and choose, the ability, the real ability to reprogram all of the software in treasury's computers which connect to all of the computer software in the various agencies is not something that can be done in ten minutes or ten days or ten weeks. so you have the right to do it, but you don't have the ability to do it. >> reporter: the treasury uses a separate computer system to make interest payments on the federal debt so it is possible investors would get what they are owed. but what happens with social security, medicare and federal employee pay, is less clear. so secretary lew would have to make a decision. he could r
has already hit the debt ceiling. and the only way the government can pay its bills is by using accounting gimmicks to move money around. those tricks will only get the government through mid-february. at that point lew might have to take the unprecedented step of deciding he has the legal authority to pick and choose which bills the feds will pay. >> even if it were clear that the treasury secretary could do that, pick and choose, the ability, the real ability to reprogram all of the software in treasury's computers which connect to all of the computer software in the various agencies is not something that can be done in ten minutes or ten days or ten weeks. so you have the right to do it but you don't have the ability to do it. >> reporter: the treasury uses a separate computer system to make interest payments on the federal debt so it is possible investors would get what they are owed. but what happens with social security, medicare and federal employee pay, is less clear. so secretary lew would have to make a decision. he could recommend the president continue business as us
'm doing the show in a hazmat suit so i don't get sick from bill. we are approaching the debt ceiling. do you think that congress can actually work together to get something done or is there another idea to avoided debt default? we're joined by "huffington post" reporter jennifer bendery. good morning. how are you? >> good morning. i'm good. >> peter: thanks for getting up and doing this with us. >> sure, sure, anything for bill. >> peter: for those who don't know, what the hell is the trillion dollar coin? what's this idea being floated around because when i first read it, i thought it was a joke. it turns out it's not. >> i thought the same thing. i thought it was a joke. it is kind of a joke but it turns out it has legal standing. the idea is pretty simple. essentially, if we -- if congress is unable to come up with a way to avoided hitting the debt ceiling, the idea is that basically we could mint a trillion dollar coin and give it to treasury and they could tuesday to pay off our -- to cover our debt obligations and then we wouldn't need to worry about the debt ceiling anymore. it so
the authority to raise the debt ceiling without congress? will he tried to? our handwriting expert is digitalis about the most talked-about signature. will it end up on our dollar bill? can you read that? >> from that fox business studios in new york city, it's "the willis report" with gerri willis ♪ gerri: as the debt ceiling showdown, members of the financial services round table now headed by former gop presidential candidate temple in tay are urging congress to raise the debt ceiling. failure to do so will cause a wire. will republicans caved? always great to have you on this show. what do you make of this? these and other business leaders of this country who are saying, you have to raise that debt ceiling. >> a little hypocritical. these business leaders of the same ones to say we have to do something about our enormous debt, and what will cause a wire to our nation's finances continuing to go around borrowing a trillion dollars year after year after year. the phony issue, people are saying if we don't pass the debt ceiling it's a default. that is off the table. the constitution prevents
of congress. this is a way around the debt ceiling if everything reaches a dead end there. is there an indication -- some people are saying carney in the briefing did not, you know, rule this out all the way. is there any indication this is on the white house's radar? >> doesn't seem to be. i mean, the white house isn't even open to the 14th amendment saying the president could raise the debt ceiling and indicates the president could raise the debt ceiling without the consent of congress. doesn't seem like they'd be open to something like this but covering it for three years, i really i guess i wouldn't be surprised if anything happened but this is not gaining real traction on capitol hill. and it's tough to say what kind of -- what this kind of -- what people are calling a gimmick means for the negotiations. republicans across the board blasted this idea and doesn't seem realistic especially as you said there's issues and not only debt ceiling, sequester and government funtding so if the president wants a deal on any of those, making a new coin to raise the debt ceiling p
obama -- when senator obama in 2006 bewailed the debt, he voted against the debt ceiling going up in 2006. >> and now he wants unlimited. >> he says -- we rely on foerns to pay our bills. foreigners in the shape of central banks and -- and ex-checkiers own $1.5 trillion of our treasuries and mortgages, $1.5 trillion at 2006. today it's almost twice as much. so it -- it is utterly out of control, but for reasons that all too few people understand. it's not about the $1 trillion coin, though it is an interesting illusion to what is going on with the problem. the problem is the nature of our money. >> and we're not explaining this. we're not speaking english about this. let me get your take on when the markets might start figuring this out and react to it. >> we know rates will be for a long time. bernanke has told us, mario draghi, interest rates will be at rock bottom levels since 2015. >> money market rates will be there if they are true to what they are laying out but we don't know where bond yields will be here. >> a chart here of 30-year treasury yields on the federal debt ceil
, as opposed to having a defense appropriations bill adopted. and a debt ceiling crisis that could create even further turmoil that could impact our budget and our economy. the fact is, of looking at all three of those, we have no idea what the hell is going to happen. all told, this uncertainty, if left unresolved by the congress, will seriously harm our military readiness. let me explain why. first, the cr expires on march 27. if congress fails to pass the appropriations bill for fiscal year 2013, our overall operating accounts would decrease by about 5% below the proposed budget presented by the president for our 2013 budget. that amount comes to about $11 billion. an important part of our strategy is try to increase the operating accounts in order to maintain readiness. the cr would prevent us from doing that. if congress fails to detrigger sequestration and we have this half trillion dollar cut on march 1, we would have to cut another 9%, almost $18 billion. to protect funding for the war in afghanistan from these cuts, we have an obligation, obviously to protect the fighter and what we'r
're considering raising the nation's credit card limit, the debt ceiling is the time to do it. the white house says it won't negotiate. >> this is about past spending, not future spending. it is about paying our bills. and congress has that responsibility. congress needs to fulfill it. >> remember, republicans had to accept a tax increase in the last crisis. the fiscal cliff. now they want to slash spending. >> we need significant spending cuts and real tax reform to address our long-term debt problem and pave the way for long-term growth and real growth in jobs in our country. >> it's hard to see how they avoid another crisis coming down to the wire when the white house says it will negotiate but not on this deal. shep? >> shepard: now some of the states' governors saying they are not happy about another d.c. showdown. >> a governor in delaware a democrat the governor of oklahoma republican saying they are worrying about the uncertainty the impact it will have on jobs and impact it will have on state budget. washington will come up with the bright idea of offsetting costs having the costs pai
on the debt ceiling. you've got guys like mcconnell and boehner say -- >> you may be right. the restoration of the old northwest republican party under the leadership of chris christie. somebody's got to bring it back which you're part of. you don't act like it sometimes. you're going to be one of them. wouldn't you like to be press secretary to chris christie of the united states? what a job. >>> what's wrong with this picture? here's what a gathering of president obama's top cabinet officials and aides might look like. a lot of people are looking at this saying where are the women and minorities? the group that put the president back in the white house. >>> also could the answer to the gop's problems be found somewhere in the swamps of jersey? sounds like the colonial wars. that's a bruce springsteen reference. now one of the biggest fans is chris christie. he may be what they need to break out of their super religious people. here's my question. how does a pragmatist like christie get through a tea party driven primary season. >>> christie wants to save the party from itself. republicans
the debt ceiling debate on capitol hill. a trillion dollar platinum coin? this was mentioned by a new york times economist. a loophole could have the coins that could be deposited to pay the nation's bills. the white house says they are not taking it seriously. nice idea though. >> wish i had one. it is 8:27 right now. it's a thursday morning and still ahead at 8:00, shut out the baseball hall of fame decides not to induct any players. why everyone struck out. >> dc's mayor says there's some talk about the redskins moving back into the district. that comes with a catch about the team's name. we'll be right back. >>> defense secretary is welcome being to the pentagon in about an hour and a half. then meeting secretary of state hillary clinton and have dinner at the state's apartment tonight. sits down with president obama tomorrow at the white house. talking about how many u.s. troops will stay in afghanistan. >> a u.s. drone in pakistan killed five suspected militants overnight. happened in the northwest tribal area which is a main hide out. the missile attack is the 7th one in the last co
Search Results 0 to 21 of about 22 (some duplicates have been removed)